m]
| 1. | a social theory advocating the liberty, rights, or independent action of the individual. |
| 2. | the principle or habit of or belief in independent thought or action. |
| 3. | the pursuit of individual rather than common or collective interests; egoism. |
| 4. | individual character; individuality. |
| 5. | an individual peculiarity. |
| 6. | Philosophy.
|
A view that stresses the importance and worth of each person. In economics, it is the doctrine that individuals best serve the public interest by pursuing their own self-interest. For example, the businessman who expands his company to increase his profits also creates jobs for many people and thereby serves the public interest. (See laissez-faire.)